Total monthly cost of ownership
Cost to Own a Home in Fort Branch, Indiana
A $182,000 home here costs
$1,505per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $936. The real number is $569 higher every month — 61% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fort Branch against Gibson County and Indiana
| Measure | Fort Branch | Gibson County |
|---|---|---|
| Median home value | $181,900 | $170,500 |
| Median property tax | $1,305 | $1,244 |
| Effective tax rate | 0.717% | 0.730% |
| Median gross rent | $911 | $914 |
| Population | 3,412 | 32,986 |
The weather behind that power bill
Fort Branch sits in Gibson County, which averages a high of 88.0°F in its hottest month and a low of 21.1°F in its coldest, with 49.84" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,303 cooling and 4,920 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Gibson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gibson County
Common questions
How much does it cost to own a home in Fort Branch?
A $182,000 home in Fort Branch, Indiana costs approximately $1,505 per month with 20% down at 6.66%. That is $936 principal and interest, $109 property tax, $78 homeowners insurance, $231 utilities and $152 set aside for maintenance.
What is the property tax rate in Fort Branch?
Fort Branch has an effective property tax rate of 0.717%, based on a median home value of $181,900 and median real estate taxes of $1,305. That is lower than the Gibson County average of 0.730%.
What is the average home price in Fort Branch?
The median owner-occupied home value in Fort Branch, Indiana is $181,900, against $170,500 across Gibson County.
Is it cheaper to rent or buy in Fort Branch?
Median gross rent in Fort Branch is $911 a month, against $1,505 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fort Branch — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Indiana.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.